Exempt Property definition

Exempt Property means tangible personal property acquired in whole or in part with Federal funds, where the Federal awarding agency has statutory authority to vest title in the recipient without further obligation to the Fed- eral Government. An example of ex- empt property authority is contained in the Federal Grant and Cooperative Agreement Act (31 U.S.C. 6306), for property acquired under an award to conduct basic or applied research by a non-profit institution of higher edu- cation or non-profit organization whose principal purpose is conducting scientific research.

Exempt Property means the property designated as Exempt Property in Section J.

Exempt Property means all Assessor’s Parcels designated as being exempt from Special Taxes in Section J.

Examples of Exempt Property in a sentence

• In the event OWNER ultimately obtains an amount in excess of the Intended Maximum in any year of Abatement under this AGREEMENT (such amount the “Exempt Property Excess”), the percentage of abatement described in the “Abatement Schedule” shall be reduced pro rata so as to reimburse the COUNTY for the total decrease in County tax revenue during the abatement period beginning on January 1, 2020 which is expected to result from the Exempt Property Excess.

• The parties mutually agree that this agreement is subject to the provision of Act 189 of 1953 as amended (Users of Tax Exempt Property).

• Exempt Property Unless otherwise specified in the cooperative agreement, title to equipment purchased or fabricated with NSF award funds will vest with the awardee upon acquisition.

• The Issuer covenants that it will not knowingly take any action that the Issuer has knowledge may cause the Bond Financed Portion of the Project to no longer be Exempt Property.

• In the event the Bond Financed Portion of the Project is determined to no longer be Exempt Property, the Issuer shall, at the Company’s request, cooperate with the Company in all reasonable ways to cause the Bond Financed Portion of the Project to be Exempt Property, including cooperating with the Company in any related litigation.

More Definitions of Exempt Property

Exempt Property means Assessor’s Parcels designated as being exempt from Special Taxes pursuant to Section 8.

Exempt Property means property of a decedent's estate that is described in section 2404.

Exempt Property means all Assessor’s Parcels designated as being exempt from Special Taxes in Section K each Fiscal Year as determined May 1st of the previous Fiscal Year.

Exempt Property means that property of a decedent's estate which is described in Section 75-2-403.

Exempt Property means that property of a decedent's estate

Exempt Property means that property of a decedent's estate that is described in 72-2-413.

Exempt Property means the property designated as being exempt from Special Taxes in Section H.